Yahoo 2009 Annual Report Download - page 115

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Yahoo! Inc.
Notes to Consolidated Financial Statements—(Continued)
The activity in the Company’s restructuring accruals for the years ended December 31, 2008 and 2009 are
summarized as follows (in thousands):
Q108
Restructuring
Plan
Q408
Restructuring
Plan Total
Balance as of January 1, 2008 .................................. $ — $ — $ —
Employee severance pay and related costs ........................ 29,169 81,953 111,122
Reversals of stock-based compensation expense .................... (12,284) (17,952) (30,236)
Non-cancelable lease, contract termination, and other charges(*) ...... — 19,617 19,617
Other non-cash charges ....................................... — 7,925 7,925
Reversal of previous charges ................................... (1,574) — (1,574)
Restructuring charges, net for the year ended December 31,
2008 ................................................ $15,311 $ 91,543 $106,854
Cash paid .................................................. (27,595) (16,111) (43,706)
Non-cash reversals of stock-based compensation expense ............ 12,284 17,952 30,236
Non-cash adjustments ........................................ — (3,497) (3,497)
Balance as of December 31, 2008 ............................... $ — $89,887 $ 89,887
(*) Includes $3 million in professional services relating to the restructuring and $1 million in contract
termination costs.
Q408
Restructuring
Plan
Q209
Restructuring
Plan
Q409
Restructuring
Charges Total
Balance as of January 1, 2009 ...................... $89,887 $ — $ — $ 89,887
Employee severance pay and related costs ............ 6,430 35,749 14,710 56,889
(Reversals) accelerations of stock-based compensation
expense ..................................... — (7,600) 18,662 11,062
Non-cancelable lease, contract termination, and other
charges ...................................... 59,429 — 1,335 60,764
Other non-cash charges ........................... 7,858 — — 7,858
Reversal of previous charges ....................... (8,299) (1,373) — (9,672)
Restructuring charges, net for the year ended
December 31, 2009 ........................ $65,418 $ 26,776 $ 34,707 $ 126,901
Cash paid ...................................... (94,668) (30,560) (863) (126,091)
Non-cash reversals (accelerations) of stock-based
compensation expense .......................... — 7,600 (18,662) (11,062)
Non-cash adjustments ............................ (672) 486 (417) (603)
Balance as of December 31, 2009 ................... $59,965 $ 4,302 $ 14,765 $ 79,032
As of December 31, restructuring accruals were included in the Company’s consolidated balance sheet as follows
(in thousands):
2008 2009
Accrued expenses and other current liabilities ..................................... $77,445 $42,940
Capital lease and other long-term liabilities ....................................... 12,442 36,092
Total restructuring accruals ................................................ $89,887 $79,032
107